The recommendations of respected wine critics have a substantial effect on the price of wine. Vintages that earn higher
Posted: Tue Jul 05, 2022 9:57 am
The recommendations of respected wine critics have a substantialeffect on the price of wine. Vintages that earn higher ratingscommand higher prices and spark surges in demand. These data are arandom sample of ratings of wines selected from an online Web sitefrom the 2000 and 2001 vintages.
Find the 95% confidence interval for the difference in averageratings in these two vintages. Does one of the years look betterthan the other?
The 95% confidence interval for μ2000−μ2001 is ( , ) ?
e confid not be e rating Wine rating, price and vintage table. Rating 94 92 91 89 91 92 93 89 88 93 89 91 91 Price Vintage 2000 2000 2001 130 30 45 9 2000 33 2001 117 2000 125 2001 19 2001 17 2000 33 2000 15 2001 36 2000 85 2001 Print Rating 93 92 92 93 92 94 90 90 92 93 92 93 91 Price Vintage 72 2000 23 2001 40 2000 45 2000 50 2000 50 2000 29 2001 40 2000 42 2001 50 2001 50 2001 80 2000 23 2001 Done Full data set X
Find the 95% confidence interval for the difference in averageratings in these two vintages. Does one of the years look betterthan the other?
The 95% confidence interval for μ2000−μ2001 is ( , ) ?
e confid not be e rating Wine rating, price and vintage table. Rating 94 92 91 89 91 92 93 89 88 93 89 91 91 Price Vintage 2000 2000 2001 130 30 45 9 2000 33 2001 117 2000 125 2001 19 2001 17 2000 33 2000 15 2001 36 2000 85 2001 Print Rating 93 92 92 93 92 94 90 90 92 93 92 93 91 Price Vintage 72 2000 23 2001 40 2000 45 2000 50 2000 50 2000 29 2001 40 2000 42 2001 50 2001 50 2001 80 2000 23 2001 Done Full data set X